Rule 144 estimates years to quadruple investments

Investors often want to know how long it will take for their money to grow significantly. Specifically, many wonder how many years it will take to quadruple their mutual fund investments. To help with this, there is a simple formula known as Rule 144. This rule is derived from Rule 72, where the number 144 is double that of 72. To find the time it will take to quadruple your investment, you divide 144 by your expected annual return rate in percentage. For example, if an investor puts in Rs 1 lakh with an expected return of 10% per year, it will take about 14.4 years for the investment to grow to Rs 4 lakh. On the other hand, if an investor wishes to quadruple their money in 6 years, they would need an annual return of 24%. This formula can be used for different types of investments, including stocks, bonds, and mutual funds. It helps investors estimate how long it might take for their investments to grow four times.